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Hungarian govt buys Austrian defence industry company
November 4th, 2019
The Hungarian state has purchased British-Austrian-owned company Hirtenberger Defence Systems, Gaspar Maroth, the government commissioner in charge of coordinating defence industry development said in an interview published in Monday's issue of daily Magyar Nemzet. Hirtenberger has been developing artillery equipment and ammunition for 160 years. Under the contract signed on October 29, the company is now owned by Hungarian-owned HDT Vedelmi Ipari, Maroth said, adding that the new owner has no plans to change the way Hirtenberger is managed but Hungarian engineers will be involved in the company's research and development activity.
MTI